Top crypto tweets of the day – May 16th

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  TL;DR Breakdown OKX is edging closer to obtaining a Virtual Asset Service Provider (VASP) license in Hong Kong, marking a significant milestone in its journey toward regulatory compliance.  In preparation for this pivotal moment, OKX has initiated essential groundwork, including technology integration. Description OKX, a prominent cryptocurrency exchange, is edging closer to obtaining a Virtual Asset Service Provider (VASP) license in Hong Kong, marking a significant milestone in its journey toward regulatory compliance. The exchange anticipates receiving the final approval for its VASP license by March of the coming year. Li Zhikai, the Global Chief Commercial Officer of … Read more OKX, a prominent cryptocurrency exchange, is edging closer to obtaining a Virtual Asset Service Provider (VASP) license in Hong Kong, marking a significant milestone in its journey toward regulatory compliance. The exchange anticipates receiving the final approval for its VASP license by March of the coming year. Li Zhikai, the Global Chief Commercial Officer of OKX, revealed in an interview that they are actively engaged in discussions with banks and are eagerly awaiting the issuance of their license to…

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• Jamaica’s taxi drivers embrace crypto for faster rides

  TL;DR Breakdown Jamaica’s transportation sector is poised for a digital revolution as local bus and taxi operators eagerly anticipate integrating the nation’s own central bank digital currency (CBDC), known as Jam-Dex. Jamaica is actively working towards enabling CBDC services on the mobile phones of the general public. Description Jamaica’s transportation sector is poised for a digital revolution as local bus and taxi operators eagerly anticipate integrating the nation’s own central bank digital currency (CBDC), known as Jam-Dex. The introduction of Jam-Dex by the Central Bank of Jamaica in 2022 was marked by an airdrop event aimed at accelerating its widespread adoption. Recent developments … Read more Jamaica’s transportation sector is poised for a digital revolution as local bus and taxi operators eagerly anticipate integrating the nation’s own central bank digital currency (CBDC), known as Jam-Dex. The introduction of Jam-Dex by the Central Bank of Jamaica in 2022 was marked by an airdrop event aimed at accelerating its widespread adoption. Recent developments reveal that Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group (NTAG), is actively championing…

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• Bengaluru businessman falls victim to ₹52 Lakh Bitcoin scam

  TL;DR Breakdown Bengaluru businessman loses ₹52 lakh in a Bitcoin scam triggered by a WhatsApp message. The victim invested heavily, pledging gold and borrowing from friends, lured by promising crypto returns. Unable to recover funds, the businessman faces bankruptcy, highlighting the risks of online trading platforms. Description  Nalagani Gururaju, a 39-year-old businessman from Bengaluru, lost over ₹52 lahk in a Bitcoin scam. The tale began innocently enough when an anonymous individual contacted Gururaju through WhatsApp, offering him a part-time job to subscribe to various YouTube channels, for which he was paid ₹50 per subscription​. His foray into the world of cryptocurrency started … Read more  Nalagani Gururaju, a 39-year-old businessman from Bengaluru, lost over ₹52 lahk in a Bitcoin scam. The tale began innocently enough when an anonymous individual contacted Gururaju through WhatsApp, offering him a part-time job to subscribe to various YouTube channels, for which he was paid ₹50 per subscription​. His foray into the world of cryptocurrency started when he was added to a Telegram group, where the conversation revolved around investing in Bitcoin. The group, populated by…

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• From Pepe to fortunes – Unveiling the strange new ‘2.0’ phenomenon in knockoff cryptos

  TL;DR Breakdown Multiple meme currency offshoots have emerged globally, signaling an ephemeral trend. Chain analysis instrument, according to Bubblemaps, a small group of very early buyers controlled a disproportionately significant portion of the Pepe 2.0 supply at launch and are now slowly unloading their holdings. According to Lookonchain, two wallets spent millions on the tokens on Monday, betting that the frog-themed tokens will eventually outperform Dogecoin (DOGE) and Shiba Inu (SHIB) as the most popular meme coins. Description Following a two-day surge, Pepe (PEPE) reached a two-month high. Market investors have profited from the asset’s recent increase. Microcaps that claim to be the long-awaited return of popular meme currencies are the current fad in some sectors of the crypto industry. Pepecoin 2.0 success Trading volumes for tokens like Pepe 2.0, Floki 2.0, and … Read more Following a two-day surge, Pepe (PEPE) reached a two-month high. Market investors have profited from the asset’s recent increase. Microcaps that claim to be the long-awaited return of popular meme currencies are the current fad in some sectors of the crypto industry. Pepecoin 2.0…

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• Grayscale Investments ramps up DeFi interest  with Lido addition

  TL;DR Breakdown rayscale Investments, the world’s leading digital asset manager, has expanded its DeFi Fund by including Lido (LDO), marking a significant development in the liquid staking space. Liquid staking allows investors to earn staking rewards without locking up their tokens, providing increased liquidity and flexibility. This trend is gaining popularity as it caters to growing demand in the DeFi sector. The addition of LDO to Grayscale’s DeFi Fund signals rising institutional interest in liquid staking services and could potentially influence wider adoption and evolution in this space, despite the current performance of the DeFi Fund. Description In a significant move, Grayscale Investments, the world’s largest digital asset manager, has expanded its Decentralized Finance (DeFi) Fund with the inclusion of Lido (LDO). The addition bolsters the prominence of liquid staking services, spotlighting a potentially transformative trend in the broader crypto ecosystem. Liquid staking: The next big wave in DeFi Lido, a pioneer … Read more In a significant move, Grayscale Investments, the world’s largest digital asset manager, has expanded its Decentralized Finance (DeFi) Fund with the inclusion of Lido (LDO)….

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